Things to do before you die…to Avoid Probate

A will or testament is a legal declaration by which a person, the testator, names one or more persons to manage his or her estate and provides for the distribution of his property at death. For the devolution of property not disposed of by will, see inheritance and intestacy.

Without a will your loved ones may not receive the assets you wish to leave in the event of your death. And if you did not appoint a guardian for your children or pets then the court will end up deciding who will receive your valuables and who will rise your children.

A probate is a legal process that takes place after someone dies, which includes proving in court that the Will written by the deceased person is Invalid, identifying the property, having the property appraised, paying debts and taxes, distributing the remaining property as will directs.

After you pass away and you did not fulfill the process of Will then the person you chose as your executor in your Will files papers in the local probate court. The executors will prove the validity of your Will and presents the court with a list of your assets and who is going to get them. Relatives and creditors are officially notified in the will.

The best way to avoid probation is an Estate Plan. The Estate Plan will help ensure the Property and the custody of your pets and kids are given to the correct people.